A Letter to Warren Buffett and Charlie Munger about Hiring Proven Whistleblowers By William K. Black January 17, 2017 Bloomington, MN The Wall Street Journal recently published a summary of a study of “desired director traits.” A survey of 369 supervisory directors from 12 countries by search and advisory firm Russell Reynolds … Continue reading → A Lett […]
The New Democrats’ Addiction to Austerity Will Not Die William K. Black January 16, 2017 Bloomington, MN I know the Republicans are complete hypocrites about federal deficits and debt. I know their dishonesty and faux deficit and debt hysteria, when a Democrat is president, harms the Nation and the … Continue reading → The New Democrats’ Addiction to Au […]
There was an Op Ed last week from an Australian academic who attacked Modern Monetary Theory (MMT) along the lines that its proponents are “a bunch of cranks” and practice “charlatanism”. He also considers us to be sellers of “snake … Read the rest of this entry »
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »
from Norbert Häring The European Ombudswoman has announced that she will investigate the membership of the President of the European Central Bank (ECB), Mario Draghi, in the Group of Thirty. this is a shadowy forum of the most senior executives from large commercial banks and the most important central banks.The Group of Thirty meets behind […]
from Lars Syll 1 Just eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity. Although some of them have earned their fortune through talent or hard work, over half the world’s billionaires either inherited their wealth or accumulated it through industries prone to corruption and […]
As previously discussed, no homes are built without prior permits, which are going nowhere: Highlights Housing starts extended their wild ride of volatility in December, up 11.3 percent in the month to a 1.226 million annualized rate which beats the Econoday consensus for 1.200 million. But the rise is confined to multi-unit starts which jumped […] The post […]
Back down again, in spite of Trumped up expectations, and going nowhere: Highlights Purchase applications for home mortgages fell a seasonally adjusted 5.0 percent in the January 13 week, while applications for refinancing rose 7 percent. Unadjusted, the purchase index increased 25 percent compared to the previous week, however, taking the year-on-year compa […]
Note kindly translated by Anne-Marie de Grazia Mrs Theresa May has announced her plan to implement the so-called « Brexit », i.e. the separation between the United Kingdom and the European Union. She chose, in the...
Le discours d’investiture prononcé par Donald Trump le vendredi 20 janvier doit être lu et écouté. Non qu’il faille le prendre nécessairement pour argent comptant ; il y a souvent loin de la coupe aux...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]